With the recent appreciation, it made sense to refi back to a highly leveraged position and redeploy that capital to where it can produce higher return than it was achieving trapped in a property which was reducing the leverage.  

Extremely impressed with his knowledge and highly recommend looking into working with him.

Has anyone had a difficult time with properties in high-crime areas?

So I need to make sure it's working.The 7 night stay is to ensure that we rent 100% of the nights during the high season.

@Antonio Martinez so, as you know, this property is dirrrrrt cheap, which leads me to assume this property is in a very rural area and/or it's a is D or F grade property in a D or F grade area.   

The good news is that there is an unusual split in the market now, which won’t last forever, of which you can take advantage.Residential properties, at least in SoCal where you own, are still selling for relatively high prices.

High liquid cash is fairly low as I am just finishing up a rehab.

I think you'll find that the '1% Rule' isn't applicable in most markets - especially those that are high demand - and that it hasn't been for some time. 

Your input will be highly appreciated.

There are high yield funds and securities doing over 8% you can use if you want.Also, you could take the funds and do private lending at around 12%.